eBook Problem Walkthrough a. Complete an amortization schedule for a $45,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 10% compounded annually. If an amount is rero, entero". Do not round Intermediate calculations. Round your answers to the nearest cent Beginning Repayment Remaining Year Balance Payment Interest of Principal Balance 1 2 3 . What percentage of the payment represents interest and what percentage represents principal for each of the years? Do not found Intermediate calculations. Round your answers to two decimal places Interest Principal Year 11 Year 2 Year 3: Why do these percentages change over time? I These percentages change over time because even though the total payment is constant the amount of interest paid each year is defining as the remaining or outstanding balance declines. 11. These percentages change over time because even though the total payment is constant the amount of interest paid each year is increasing as the remaining or outstanding balance declines. mn. These percentages change over time because even though the total payment is constant the amount of Interest paid each year is dedining as the remaining or outstanding balance increases. IV. These percentages change over time because even though the total payment is constant the amount of interest paid each year is increasing as the remaining or outstanding balance increases V. These percentages do not change over time; Interest and principal are each a constant percentage of the total payment -Select